With RAISE Act, Congress Paves Way for Private Secondary Markets

Has anyone read up enough on this to understand how this compares to the IPO process before Sarbanes-Oxley [1] etc.? The article says that the purchaser must be an accredited investor. Additionally, it says that the "RAISE Act also specifies disclosure requirements for these transactions."

I wonder how close these disclosure requirements are to the disclosure requirements of 15 years ago. Are we basically seeing Sarbanes-Oxley being reverted here?

[1] https://en.m.wikipedia.org/wiki/Sarbanes%E2%80%93Oxley_Act

Sooooo... Another insider trading channel for banks? Or the banks have total control over the market?

Nothing like this gets passed without the plutobanks being in total control of the profits.

I'm probably not educated enough to say something like this, but "Included within the FAST Act is a section, the Reforming Access for Investments in Startup Enterprises (“RAISE”) Act" is something I hate about how laws get passed.

It feels so strange that Acts can involve completely unrelated regulations.